Bloomberg In a first step towards determining its fate, Barneys New York Inc has selected a consortium led by Authentic Brands Group LLC as its initial bidder, setting a floor for offers due next week for the bankrupt luxury retailer. The $271 million offer from the Authentic Brands group includes a plan to open Barneys shops in Saks Fifth Avenue …

Bloomberg UK retail sales held up better than expected in September in the face of the intensifying Brexit crisis. The quantity of goods sold rose 0.2% from August when auto fuel is excluded, the Office for National Statistics (ONS) said. Sales including fuel were unchanged. A buoyant labour market has supported consumer spending through the turmoil since the 2016 referendum. …

Bloomberg The UK competition regulator has started a review into Amazon.com Inc’s bid to buy a slice of fast-growing food delivery startup Deliveroo, adding to the e-tailing giant’s antitrust woes around the globe. The Competition and Markets Authority (CMA) said on its website it’s investigating the purchase of rights and a minority shareholding in Roofoods Ltd, which does business under …